A Gallup poll found that only 14% of U.S. adults own cryptocurrency, with 60% of respondents expressing no interest in purchasing one and only 4% planning to buy one in the near future.
Additionally, 55% of U.S. investors who hold more than $10,000 in stocks, bonds, or mutual funds consider the asset class "very risky." Even among those who claim to understand crypto, most still consider it a risky investment. Among U.S. investors, 64% consider the asset class "extremely risky," up from 60% in 2021. Additionally, about one in seven Americans own cryptocurrencies, while nearly six in 10 own stocks or real estate. Only 4% of adults consider cryptocurrencies to be the best long-term investment.
While a quarter of men aged 18 to 49 own cryptocurrency, ownership rates drop sharply among women and older adults, the survey shows. College graduates and high-income people are above average in participation, but older adults and low-income households remain largely absent from the space. Knowledge gaps also persist. Nearly all respondents have heard of cryptocurrency, but only 35% say they really understand how it works. Familiarity is highest among younger men and wealthy people. (CoinDesk)
